Scion Asset Management Portfolio holdings
Scion Asset Management, LLC, founded in 2013 by Dr. Michael J. Burry and headquartered in Saratoga, California, is a private investment firm managing approximately $196 million in discretionary assets across four private investment funds as of early 2024. Led by Burry, famously portrayed in *The Big Short* for predicting the 2008 subprime mortgage crisis, the firm focuses on long-term capital appreciation through a value-oriented, research-driven approach, investing in a diverse range of securities including equities, debt, and derivatives, often with a contrarian bent. Unlike traditional advisory firms, Scion caters exclusively to institutional clients and pooled investment vehicles, such as its Cayman Islands- and Delaware-based funds, requiring minimum investments from $500,000 to $1.5 million, and does not serve individual retail investors directly. With a small team of six, including key figures like COO Zaeed Kalsheker, Scion maintains a low-profile yet influential presence, leveraging Burry’s deep market insights to navigate complex economic landscapes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$12.9M |
| 2 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$10.4M |
| 3 |
Western Digital
WDC
|
+$9.83M |
| 4 |
CVS Health
CVS
|
+$9.33M |
| 5 |
MSGN
MSG Networks Inc.
MSGN
|
+$8.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$10.6M |
| 2 |
Copa Holdings
CPA
|
+$7.84M |
| 3 |
Helmerich & Payne
HP
|
+$7.32M |
| 4 |
GameStop
GME
|
+$6.05M |
| 5 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$5.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 53.3% |
| 2 | Consumer Discretionary | 13.74% |
| 3 | Communication Services | 12.29% |
| 4 | Real Estate | 7.13% |
| 5 | Technology | 5.11% |
Similar funds
Scion Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Scion Asset Management held 42 positions worth $330M, up 4.7% from $315M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Scion Asset Management deployed $56.3M of net new capital in Q3 2020, opening 13 new positions and adding to 4 existing holdings. Its largest new stake was Meta Platforms (Facebook): 50,000 shares worth $13.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 53% of assets, down from 71% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was GameStop, an estimated $6.05M trimmed.
- Scion Asset Management's largest Q3 2020 buy was Meta Platforms (Facebook): 50,000 shares worth $13.1M.
- Scion Asset Management added most to Kimball International in Q3 2020, an estimated $4.27M increase.
- Scion Asset Management's biggest Q3 2020 reduction was GameStop, cutting an estimated $6.05M.
- Scion Asset Management fully exited Bed Bath & Beyond Inc in Q3 2020, selling an estimated $10.6M.
- Scion Asset Management's ten largest holdings make up 57% of its $330M portfolio in Q3 2020.
- Scion Asset Management opened 13 new positions and closed 9 in Q3 2020.
- Scion Asset Management's portfolio value rose 4.7% quarter-over-quarter to $330M.
Based on Scion Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.